Capitalism Is More Than a Legal Regime

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Capitalism Is More Than a Legal Regime

“Capitalism is a legal regime, not just an economic system as conventional wisdom has it.” With this opening sentence, Katharina Pistor takes the argument of her , , a step further. There she showed how lawyers turn assets into capital through property, contract, collateral, trust, corporate, and bankruptcy law. Her new book extends the argument to capitalism as a whole.previous bookThe Code of Capital If law so thor…